Raiders To Gauge Derek Carr Trade Market; QB Bids Farewell

The Raiders are set to meet with Derek Carr soon, and they will do so with the intent of exploring a trade. Not long after Carr’s benching, Ian Rapoport of NFL.com reports the Raiders have begun the process of evaluating the trade market (Twitter link).

This has been the expected path since the Raiders demoted Carr ahead of Week 17, leading to the nine-year starting quarterback stepping away from the team. The Raiders have just more than a month until Carr’s $40.4MM guarantee vests. As of now, that figure becomes guaranteed three days after Super Bowl LVII (Feb. 15).

Shortly after Rapoport indicated a trade route will be explored, Carr posted a goodbye announcement (via Twitter). In it, he addressed previous comments of pursuing retirement if the Raiders did not want him. As expected, retirement is not in Carr’s plans.

I once said that if I’m not a Raider I would rather be at home, and I meant that. But I never envisioned it ending this way,” Carr said in a lengthy statement thanking Raiders fans. “That fire burning inside of me to win a championship still rages. I look forward to a new city and a new team, who, no matter the circumstance, will get everything I have.”

[RELATED: Davante Adams Plans To Stick With Raiders]

A number of teams figure to be in on Carr, even with that lofty guarantee figure looming. The Jets, Saints, Commanders and Panthers come to mind, with a PFR poll last month pegging Gang Green as the clubhouse leaders. Other teams like the Colts, Titans and perhaps the Buccaneers — in the event Tom Brady either retires for a second time or leaves as a free agent — could be on the Carr radar as well.

Carr holds a no-trade clause, giving the 31-year-old passer some control during this process. The Raiders included the clause in their 2022 extension, which featured the guarantee vesting date allowing the franchise to move on if Carr did not prove a fit with the new Josh McDaniels– and Dave Ziegler-run operation. Mark Davis gave the new Raiders regime carte blanche when it came to handling Carr, but the HC-GM combo was believed to be close to keeping Carr as the starter through the end of the season. The owner, who is believed to be lukewarm on Carr, stepped in and may well have pushed the situation to this point.

As could be expected given their McDaniels hire, the Raiders are already being connected to Brady and Jimmy Garoppolo. This marks the second time the Raiders have been linked to Brady in free agency. They pursued the all-time great in 2020, but Jon Gruden deemed the longtime Patriots cornerstone too old even at that point. Wooing a quarterback in advance of an age-46 season will obviously be unprecedented, though Garoppolo is Carr’s age and could serve as a longer-term bridge.

If the Raiders are unable to trade Carr, it is believed they will release him rather than pay that $40.4MM. Despite the team giving Carr a three-year, $121.4MM extension just last year, a release — thanks to the uniquely structured deal — would result in just a $5.6MM dead-money charge. Carr’s deal calls for a guaranteed $32.9MM base salary and 2024 and ’25 bases of $41.9MM and $41.2MM, respectively. Just $7.5MM of the 2024 base salary is guaranteed; the 2025 year is nonguaranteed.

The quarterback trade market has heated up in recent years, producing blockbuster deals that sent franchise cornerstones like Matthew Stafford, Russell Wilson and Matt Ryan out of town. Deshaun Watson fetched even more in compensation. It appears Carr will be another high-profile passer on the move.

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